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Corporate Governance and Enforcement

Erik BerglöfStijn Claessens

出版	World Bank, Corporate Governance Department, Global Corporate Governance Forum, 2004
URL	http://books.google.com.hk/books?id=K_S0swEACAAJ&hl=&source=gbs_api

註釋

Enforcement more than regulations, laws-on-the-books, or voluntary codes is key to effective corporate governance, at least in transition and developing countries. Corporate governance and enforcement mechanisms are intimately linked as they affect firms' ability to commit to their stakeholders, in particular to external investors. Berglof and Claessens provide a framework for understanding these links and how they are shaped by countries' institutional contexts.